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LMOPX Miller Opportunity C

  • Fund
  • LMOPX
  • Price as of: Dec 14, 2018
  • $22.33
  • - $0.56
  • - 2.45%
  • Category
  • Mid Cap Value Equities

LMOPX - Profile

Vitals

  • YTD Return -1.0%
  • 3 Yr Annualized Return 8.5%
  • 5 Yr Annualized Return 9.2%
  • Net Assets $1.7 B
  • Holdings in Top 10 40.0%

52 WEEK LOW AND HIGH

$22.33
$21.14
$28.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.11%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 120.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Mid Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Blend

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 9.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.42%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Miller Opportunity Trust
  • Fund Family Name Miller Value Funds
  • Inception Date Dec 30, 1999
  • Shares Outstanding 27878483
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Samantha McLemore

LMOPX - Performance

Return Ranking - Trailing

Period LMOPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.0% -92.5% 20.9% 10.93% 1
1 Yr 11.5% -33.1% 33.5% 7.11% 1
3 Yr 8.5% * -9.7% 14.4% 24.81% 2
5 Yr 9.2% * -7.4% 16.0% 12.40% 1
10 Yr 17.0% * 0.8% 18.2% 2.40% 1

* Annualized


Return Ranking - Calendar

Period LMOPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 25.0% -22.1% 26.2% 1.22% 1
2016 -1.0% -23.0% 28.0% 86.41% 5
2015 -0.2% -30.9% 36.2% 4.15% 1
2014 10.0% -18.7% 35.1% 11.80% 1
2013 65.9% -39.7% 66.3% 0.87% 1

Total Return Ranking - Trailing

Period LMOPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.0% -100.0% 18.7% 10.55% 1
1 Yr 10.5% -28.1% 97.8% 5.92% 1
3 Yr 8.5% * -7.6% 14.4% 20.25% 2
5 Yr 9.2% * -7.4% 22.4% 12.13% 1
10 Yr 17.0% * 0.8% 18.2% 2.40% 1

* Annualized


Total Return Ranking - Calendar

Period LMOPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 25.0% -22.1% 26.2% 1.22% 1
2016 -1.0% -12.8% 28.0% 89.49% 5
2015 -0.2% -26.7% 25.7% 15.25% 1
2014 10.0% -12.4% 138.4% 60.67% 4
2013 67.1% -6.0% 165.8% 13.41% 1

NAV & Total Return History

LMOPX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

LMOPX Category Low Category High LMOPX % Rank Quintile
Net Assets 1.7 B 313 K 32.9 B 6.84% 2
Number of Holdings 38 27 2621 22.88% 5
Net Assets in Top 10 802 M 105 K 9.8 B 4.01% 1
Weighting of Top 10 40.0% 6.4% 58.8% 3.30% 1

Top 10 Holdings

  1. Delta Air Lines Inc 3.46%
  2. OneMain Holdings Inc 3.52%
  3. Amazon.com Inc 6.00%
  4. RH 4.38%
  5. Bausch Health Companies Inc 4.23%
  6. United Continental Holdings Inc 3.51%
  7. Endo International PLC 5.12%
  8. JPMorgan Chase & Co 3.40%
  9. Mallinckrodt PLC 3.22%
  10. Quotient Technology Inc 3.17%

Asset Allocation

Weighting Category Low Category High LMOPX % Rank Quintile
Stocks
100.00% 26.96% 101.89% 1.42% 1
Preferred Stocks
0.00% 0.00% 16.51% 3.77% 3
Other
0.00% -5.25% 7.57% 5.19% 3
Convertible Bonds
0.00% 0.00% 0.68% 1.18% 3
Cash
0.00% -2.13% 50.80% 30.66% 5
Bonds
0.00% -0.05% 19.98% 3.77% 3

Stock Sector Breakdown

Weighting Category Low Category High LMOPX % Rank Quintile
Healthcare
27.68% 0.00% 27.68% 0.24% 1
Consumer Cyclical
24.81% 0.00% 33.01% 1.42% 1
Financial Services
17.70% 0.00% 37.79% 25.24% 4
Industrials
13.04% 0.00% 33.76% 20.52% 4
Technology
8.96% 0.00% 31.48% 19.34% 3
Consumer Defense
3.68% 0.00% 16.80% 23.82% 4
Communication Services
2.96% 0.00% 7.32% 2.59% 1
Utilities
0.00% 0.00% 12.43% 29.48% 5
Real Estate
0.00% 0.00% 46.58% 30.19% 5
Energy
0.00% 0.00% 37.42% 32.55% 5
Basic Materials
0.00% 0.00% 22.57% 32.31% 5

Stock Geographic Breakdown

Weighting Category Low Category High LMOPX % Rank Quintile
US
88.93% 22.09% 100.00% 28.30% 5
Non US
11.07% 0.00% 37.17% 2.12% 1

LMOPX - Expenses

Operational Fees

LMOPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.11% 0.07% 19.64% 9.67% 5
Management Fee 0.77% 0.06% 1.26% 4.48% 4
12b-1 Fee 1.00% 0.00% 1.00% 0.34% 5
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

LMOPX Fees (% of AUM) Category Low Category High LMOPX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load 1.00% 1.00% 5.00% 4.94% 2

Trading Fees

LMOPX Fees (% of AUM) Category Low Category High LMOPX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LMOPX Fees (% of AUM) Category Low Category High LMOPX Rank Quintile
Turnover 120.00% 0.75% 852.98% 3.30% 5

LMOPX - Distributions

Dividend Yield Analysis

LMOPX Category Low Category High LMOPX % Rank Quintile
Dividend Yield N/A 0.00% 3.80% N/A N/A

Dividend Distribution Analysis

LMOPX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

LMOPX Category Low Category High LMOPX % Rank Quintile
Net Income Ratio -1.42% -4.96% 6.78% 48.11% 5

Capital Gain Distribution Analysis

LMOPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

LMOPX - Managers

Samantha McLemore

Manager

Start Date

Aug 19, 2008

Tenure

10.29

Tenure Rank

6.1%

Samantha McLemore, CFA, has been the Co-Portfolio Manager of the Miller Opportunity Trust since inception in 2017. She served as Assistant Portfolio Manager from 2008 to 2014. Ms. McLemore has worked on the Opportunity strategy since 2002 and she has served as a portfolio manager for the Adviser since 2014. McLemore is a portfolio manager of Legg Mason Capital Management, Inc. She has been an analyst on LMCM's research team since 2002.


Bill Miller

Manager

Start Date

Dec 30, 1999

Tenure

18.93

Tenure Rank

1.1%

Bill Miller, CFA, has been the Co-Portfolio Manager of the Miller Opportunity Trust since incepstion in 2017.Bill Miller is the Chairman and Chief Investment Officer of Legg Mason Capital Management. He also currently serves as the co-portfolio manager and portfolio manager. Mr. Miller assumed overall responsibility for the equity funds management area of Legg Mason in late 1990.  Prior to this time, he co-managed (with Ernie Kiehne) the Legg Mason Capital Management Value Trust from its inception in 1982.  He was the director of research of Legg Mason from 1981 through 1985.


Tenure Analysis

Category Low

0.0

Category High

30.2

Category Average

7.36

Category Mode

0.5